Latest market research report titled Shipping and Port Market in India 2014 states that the Indian shipping sector is expected to witness a major growth due to the rapid increase in economic activities and increased EXIM trade. The Indian shipping sector comprises of the coastal shipping, ship building and ship repair industries, whereas the port sector consists of the major and non-major ports. Shipping and port industry is one of the major industries in India and has always been a major area of focus for the Indian government. It plays a crucial role in the development of the Indian economy. Coastal shipping is an important part of the shipping industry with immense potential to grow. The industry is still in its nascent stage wherein the government is taking steps to promote it.

Significant increase in economic activities and favorable initiatives taken by the government and investment from both the public and private sector is helping in the growth of the Indian ports industry. The major drivers propelling the growth of the market are increase in imports of coal, oil, iron-ore and food grains. But at the same time the industry is plagued with some challenges including, increased competition in terms of ship building from China and Korea and oversupply of tonnage. Overall the industry is showing a favorable growth rate and is expected to grow in the coming decade.

The Turkey Freight Transport & Shipping Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading natio...

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The Singapore Freight Transport & Shipping Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading na...

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The Taiwan Freight Transport & Shipping Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading natio...

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BMI View: We have adjusted down our trade forecasts for the UK following the Brexit vote, in line with a downgrade of our expectations for the overall macro outlook. The main transmission mechanism within our five-year forecast period is the FX volat...

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BMI View: The most prescient factor underpinning our growth forecasts for the freight sector and the wider economy is the current low oil price, which dominates government decision making. The low price has led to production being decreased, therefor...

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BMI View: The removal of most of the sanctions previously imposed on Iran will be the biggest factoraffecting trade in the country over the medium term as Iran's government looks to negotiate deals thatbenefit the economy and, by extension, the freig...

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BMI View: The Argentine economy faces significant headwinds in 2016 with a minor recessionary outlookforecast for the year. Currency devaluation will boost competitiveness of the country's exports whileincreased cost of foreign goods will weigh in on...

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